Shipping is a major contributor to worldwide greenhouse gas emissions. Correlated with fuel consumption, CO2 emissions from shipping are estimated to range between approximately 739 – 1135 million tonnes per year (IMO, 2014). And these emissions are set to increase significantly in the coming decades, anything from 50% to 250%. Emissions projections demonstrate that improvements in efficiency are important in mitigating the increase in these emissions.

Despite being the most environmentally and energy efficient form of transport, responsible for carrying and distributing 90% of global trade, shipping is facing significant challenges when it comes to sustainability.

Indeed, with charterers scrutinising their supply chains for sustainability and efficiency improvements, as well as a new wave of environmental regulations that will see fuel prices spiral, the industry is facing seismic change.

Developed by AkzoNobel’s Marine Coatings business, International® and FReMCo, this first of its kind, peer-reviewed methodology will allow ships to generate carbon credits, thus income, for the CO2 emission reductions they achieve.